Natixis Grows Position in Waste Connections, Inc. (NYSE:WCN)

Natixis raised its position in shares of Waste Connections, Inc. (NYSE:WCN - Free Report) by 2,113.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,032 shares of the business services provider's stock after buying an additional 8,624 shares during the quarter. Natixis' holdings in Waste Connections were worth $1,550,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WCN. Private Trust Co. NA lifted its stake in shares of Waste Connections by 153.3% in the 4th quarter. Private Trust Co. NA now owns 152 shares of the business services provider's stock valued at $26,000 after purchasing an additional 92 shares during the last quarter. Manchester Capital Management LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Waste Connections during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in Waste Connections during the 4th quarter valued at $28,000. Finally, Smartleaf Asset Management LLC increased its stake in Waste Connections by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 190 shares of the business services provider's stock worth $33,000 after purchasing an additional 71 shares during the period. Institutional investors own 86.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WCN shares. Scotiabank upped their price target on shares of Waste Connections from $192.00 to $207.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. Morgan Stanley upped their target price on shares of Waste Connections from $214.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Jefferies Financial Group lowered their price target on Waste Connections from $225.00 to $210.00 and set a "buy" rating for the company in a report on Thursday, January 30th. Truist Financial set a $220.00 price objective on Waste Connections in a research note on Friday. Finally, William Blair initiated coverage on Waste Connections in a research report on Thursday, April 3rd. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Waste Connections has an average rating of "Moderate Buy" and an average price target of $206.57.

Waste Connections Stock Down 0.0 %

Shares of NYSE:WCN traded down $0.06 during trading on Monday, reaching $194.41. The stock had a trading volume of 384,872 shares, compared to its average volume of 971,114. The firm's 50-day simple moving average is $190.88 and its 200 day simple moving average is $185.00. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.03. Waste Connections, Inc. has a one year low of $160.34 and a one year high of $201.66. The company has a market capitalization of $50.23 billion, a P/E ratio of 81.29, a PEG ratio of 3.07 and a beta of 0.67.

Waste Connections (NYSE:WCN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.06. Waste Connections had a net margin of 6.92% and a return on equity of 15.54%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. As a group, research analysts expect that Waste Connections, Inc. will post 5.28 EPS for the current fiscal year.

Waste Connections Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Wednesday, May 7th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Wednesday, May 7th. Waste Connections's dividend payout ratio (DPR) is presently 51.85%.

Waste Connections Company Profile

Waste Connections, Inc provides non-hazardous waste collection, transfer, disposal, and resource recovery services in the United States and Canada. It offers collection services to residential, commercial, municipal, industrial, and exploration and production (E&P) customers; landfill disposal services; and recycling services for various recyclable materials, including compost, cardboard, mixed paper, plastic containers, glass bottles, and ferrous and aluminum metals.